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Malaysia To Strengthen Intra-ASEAN Trade Via Regional Payment System - PM Anwar

KUALA LUMPUR, Nov 4 (Bernama) --  Malaysia will continue to strengthen intra-ASEAN trade by promoting QR payment usage and cash transfer systems as well as expand regional payment connectivity, said Prime Minister Datuk Seri Anwar Ibrahim.

ACMM Calls For Transparent Rules On Bank Account Closures

KUALA LUMPUR, Nov 3 (Bernama) -- The Association of Credit Management Malaysia (ACMM) has called on Bank Negara Malaysia (BNM) and the Ministry of Finance to introduce clear and transparent rules on bank account closures amid rising cases of sudden and unexplained suspensions affecting individuals and businesses.

RON95 Subsidy Takes Longer Time To Ensure Careful Execution, Avoid Affecting The People -- MOF

KUALA LUMPUR, Nov 3 (Bernama) -- The government is taking a longer time to implement the RON95 fuel subsidy rationalisation compared to other subsidies to ensure that the implementation is carried out carefully and does not negatively affect the people.

Excess Tax Payments Cannot Be Used To Offset Future Liabilities -- Lim

KUALA LUMPUR, Nov 3 (Bernama) -- The Inland Revenue Board (LHDN) does not allow companies to offset excess tax payments against future tax liabilities, said Deputy Finance Minister Lim Hui Ying.

Ringgit Eases Vs Greenback Ahead Of Key US Economic Data

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 3 (Bernama) -- The ringgit closed lower compared to the greenback on Monday on a lack of catalysts for the local note ahead of the release of key US economic data.

AM Best Affirms Excellent Ratings For South Korea’s KB Insurance

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of South Korea’s KB Insurance Co Ltd (KBI), with a stable outlook.

Bilateral Deals To Boost Investment, Lower CCUS Infrastructure Costs In Malaysia

KUALA LUMPUR, Nov 3 (Bernama) -- The signing of bilateral agreements with foreign countries is expected to spur investment inflows and help offset the cost of developing carbon capture, utilisation and storage (CCUS) industrial hub infrastructure in Malaysia.

BUDI95: Govt To Announce Further Quota Increase For E-hailing Drivers In Near Future

PETALING JAYA, Nov 3 (Bernama) -- The government will announce a further quota increase for full-time e-hailing drivers under the BUDI MADANI RON95 (BUDI95) initiative soon, said Treasury Secretary-General Datuk Johan Mahmood Merican. 

MAHB To Implement Action Plan Following Aerotrain Incidents

SEPANG, Oct 31 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) plans to implement a comprehensive action plan to address the recurring reliability issues involving the KL International Airport (KLIA) aerotrain system.

AM Best: Taiwan’s Non-Life Insurance Outlook Remains Stable

KUALA LUMPUR, Oct 31 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Taiwan’s non-life insurance segment, noting that premium growth prospects remain robust and are supported by steady economic conditions and strong insurance demand.

Global Expert Panel Formed To Build Financial-Grade Carbon Accounting Framework

KUALA LUMPUR, Oct 30 (Bernama) -- Carbon Measures and the International Chamber of Commerce (ICC) have announced the formation of an independent expert panel to design a global carbon emissions accounting system modelled on financial accounting principles.

APEC Revises 2025 Growth Outlook To 3.1 Pct Despite Global Challenges

From Nor Baizura Basri

GYEONGJU (South Korea), Oct 30 (Bernama) -- The growth in the Asia-Pacific Economic Cooperation (APEC) region has been revised upward to 3.1 per cent this year, slightly higher than the earlier forecast of three per cent, supported by resilient trade activity and robust demand for high-tech goods.